Charles City County Real Estate and Livability Trends
Charles City County, Virginia has experienced a notable rise in average taxable income, climbing from $50,332.19 in 2013 to $74,833.82 in 2021, suggesting a potentially stronger local economy. Median home values were $198,800 in 2022, offering attractive options compared to the state's $339,800 median. The area promotes sustainable living through consistent residential energy tax credits, which... Read more
Charles City County Market Trends
Charles City County, Virginia has seen median home values climb to $198,800 in 2022, consistently higher than the national median but lower than the state’s $339,800 figure. This could appeal to buyers seeking value without paying state-level prices. The county is encouraging sustainable living with residential energy tax credits peaking at $2,650.00 in 2018, highlighting opportunities for... Read more
Median Value of Occupied Housing Units in Charles City County, Virginia Over the Last 8 Years
Charles City County, Virginia, has experienced fluctuating but generally upward trends in median home values over the past eight years, peaking at $198,800 in 2022. Compared to the national median, which reached $179,400 in 2022, home values in Charles City County have remained consistently higher, although still below Virginia’s state median, which surged to $339,800 that same year. These trends suggest that Charles City County may be an appealing option for homebuyers and investors looking for value without the high prices seen in other parts of the state.
Residential Energy Tax Credit Per Tax Return in Charles City County, VA Over the Last 9 Years
Over the past nine years, Charles City County, Virginia has shown a notable increase in the average residential energy tax credit per tax return, with substantial spikes in 2017 ($475.00) and a peak in 2018 ($2,650.00). While there's been some fluctuation, the general trend suggests growing incentives for energy-efficient home improvements. This might indicate the county's focus on sustainable living and could appeal to eco-conscious investors, homeowners, and real estate professionals looking to capitalize on energy-saving opportunities. Additionally, it may influence appraisers and insurance agents regarding property value and risk assessments linked to energy-efficient features.
Average Real Estate Taxes Per Tax Return in Charles City County, VA Over the Last 10 Years
Charles City County, Virginia has seen a notable increase in average real estate taxes per tax return over the past decade, rising from approximately $2,034.04 in 2012 to roughly $3,239.13 in 2021. This trend suggests a steadily appreciating property value which could be of interest to potential investors and homeowners considering the long-term investment potential. Such information may also be useful to appraisers and insurance agents as it reflects the growing financial commitment required of property owners in the area. Real estate professionals could leverage this data to provide clients with insights on tax trends and property value growth.
Percentage of Farm Returns in Charles City County, VA Over the Last 10 Years
In Charles City County, Virginia, farm tax returns have hovered between 1.13% and 1.42% over the past decade, suggesting that farming maintains a small but steady presence in the local economy. Despite minor fluctuations, this data may indicate resilience among local farming operations. Potential investors and residents considering this county could see this as an opportunity for niche agricultural ventures or as a stabilizing factor for the community’s economic landscape. This information is particularly relevant for those interested in rural property investment, as consistent farm returns might suggest sustainable land use without significant economic downturns in the agricultural sector.
Number of Mortgages by Occupancy Type in Charles City County, VA Over the Last 5 Years in Charles City County
Charles City County, Virginia has witnessed fluctuating mortgage numbers for different occupancy types over the past five years. Principal residences consistently dominate the landscape, seeing the highest mortgage counts annually, peaking in 2021 with 482. Second residences and investment properties remain considerably less common, showing sporadic interest — though investment properties hit a small peak in 2022 with 12 mortgages. These trends might influence appraisers as fluctuating occupancy types affect property valuations and market dynamics. Investors and real estate agents could view the steady rise in principal residence mortgages as signaling a robust residential market while noting the slight upticks in investment properties might suggest emerging opportunities. For those considering a move or investment, understanding these trends could impact decisions on property value and potential return on investment.
Economic Outlook
Charles City County, Virginia has seen a steady rise in average taxable income, jumping from approximately $50,332.19 in 2013 to about $74,833.82 in 2021. This increase might indicate a strengthening local economy and potentially higher spending power among residents. Over the same period, state and local income taxes per tax return surged from $4,215.63 in 2012 to a peak of $10,407.69 in 2020, reflecting possible economic shifts or tax policy changes. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Charles City County, VA over the last 9 years
Over the past nine years, Charles City County, Virginia, has seen a generally upward trend in average taxable income per tax return. Starting at approximately $50,332.19 in 2013 and rising to about $74,833.82 in 2021, this increase in average taxable income could suggest economic growth and potentially higher spending power for residents. This growth might be interesting for investors, real estate agents, and property builders as it may indicate a strengthening local economy. The data implies that the county could be becoming more affluent, which might make it an appealing market for new business ventures or residential developments.
Average State and Local Income Taxes Per Tax Return in Charles City County, VA Over the Last 10 Years
Over the past decade, Charles City County in Virginia has seen a notable rise in average state and local income taxes per tax return, jumping from $4,215.63 in 2012 to a peak of $10,407.69 in 2020. This upward trend highlights potential shifts in local economic conditions or tax policy changes that might interest investors, real estate agents, or policymakers. The significant increase between 2018 and 2020, where the taxes almost doubled, may concern those looking to move into or do business in the area, suggesting a potential for higher tax burdens.
Average Total Tax Liability Per Tax Return in Charles City County, VA Over the Last 10 Years
Over the past decade, Charles City County, Virginia has experienced a noteworthy rise in the average total tax liability per tax return, climbing from around $6,737.55 in 2012 to approximately $12,476.43 in 2021. This upward trend may hint at increased local economic growth and rising property values. Such a trajectory could be indicative of a robust local economy, encouraging for prospective investors and real estate developers. Residents, insurance agents, and appraisers might also find these trends essential for forecasting future tax liabilities and valuations, potentially affecting financial planning and market strategies.
Cost of Living in Charles City County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,186 | $1,520 | $1,603 | $1,470 | $1,421 |
| 1 adult 4 children | $1,186 | $1,241 | $1,223 | $1,470 | $1,578 |
| 2 adults 3 children | $1,186 | $1,242 | $1,392 | $1,470 | $1,184 |
| 1 adult 3 children | $1,186 | $1,014 | $1,012 | $1,470 | $1,291 |
| 2 adults 2 children | $918 | $1,017 | $1,181 | $1,281 | $971 |
| 1 adult 2 children | $918 | $759 | $801 | $1,281 | $984 |
| 2 adults 1 child | $918 | $803 | $970 | $666 | $877 |
| 1 adult 1 child | $918 | $519 | $591 | $666 | $772 |
| 2 adults | $813 | $645 | $759 | $0 | $733 |
| 1 adult | $795 | $352 | $380 | $0 | $640 |
Safety trends & Data
Charles City County, Virginia has seen varying property crime rates over the past five years. Larceny-theft peaked in 2019 with three incidents but decreased in the following years. Arson was minimal, with just one occurrence in 2018. Burglary incidents were sporadic, while vandalism and fraud cases notably rose in 2021 and 2022. These shifting crime trends could impact real estate investment decisions and insurance premiums, highlighting the necessity for preemptive security measures for... Read more
Property Crime Trends in Charles City County, VA Over the Last 5 Years
Charles City County, Virginia has witnessed fluctuating property crime rates over the last five years. While larceny-theft had peaks in 2019 with 3 incidents, it showed a decline in subsequent years. The presence of arson was notably minimal, with only one occurrence in 2018. Burglary incidents were sporadic but present, while a significant rise in vandalism and fraud cases was observed in 2021 and 2022. This variability in crime trends may influence real estate investment decisions and insurance costs, and it suggests a need for preemptive security planning for potential residents and property developers.
Demographics
Charles City County, Virginia, has a fairly balanced gender distribution amongst adults, with females slightly outnumbering males. Education levels vary broadly, but the majority finish high school, with smaller, almost equal numbers holding associate, bachelor, or graduate degrees. The age distribution shows a significant number of residents aged 55-74, which may indicate a growing aging population. The racial makeup reveals near-parity between White and Black or African American residents,... Read more
Race Distribution in Charles City County, Virginia (2022)
Educational Attainment in Charles City County, Virginia (2022)
Age Distribution in Charles City County, Virginia
Citizen Population in Charles City County, Virginia (2022)
Political Trends & Data
In Charles City, Virginia, the 2020 U.S. Presidential Election hinted at a Democratic leaning with around 59% of voters supporting Democratic candidates compared to 40% for Republicans. The Libertarian vote made up only about 1%, showing minimal third-party influence. This trend could imply a fairly stable preference for Democratic candidates, though some political diversity exists due to the presence of third-party and independent... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Charles City, Virginia, the 2020 U.S. Presidential Election showed that Democratic support was likely stronger than Republican, with about 59% of voters leaning Democratic compared to around 40% Republican. The Libertarian vote was minimal, making up roughly 1% of the total votes, and support for other parties was almost negligible. This data could suggest a fairly stable preference for Democratic candidates in the area, although the presence of third-party and independent votes indicates some level of political diversity.
39.65% of voters voted for the Republican party in the 2020 Presidential Election
59.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Charles City County, Virginia boasts a student-to-teacher ratio that has typically been lower than the national average, recently dropping to around 10 students per teacher in 2023. This favorable ratio can enhance individualized attention for students, making the area more attractive to families seeking quality education. Such dynamics may positively impact real estate demand, as school quality often plays a critical role in family relocation decisions, offering potential opportunities for... Read more
Student-to-teacher ratio in Charles City County, Virginia over the last 10 years
Over the past decade, Charles City County, Virginia has generally maintained a student-to-teacher ratio hovering around 12 students per teacher, which is somewhat lower than the current US national average of 14 students per teacher. In the most recent year, 2023, there was a noticeable decrease to approximately 10 students per teacher. This lower ratio could potentially enhance individualized attention for students, making the county more appealing to families seeking quality education. Such favorable ratios may also influence real estate demand positively as families might prioritize school quality when choosing places to live. Investors, real estate agents, and insurance agents could find this trend relevant for assessing the viability and appeal of properties within the county.
